Nomura on deck with registered fixed-rate notes in two tranches

By Cristal Cody

Tupelo, Miss., Jan. 9 – Nomura Holdings Inc. intends to bring a two-part registered offering of fixed-rate senior notes (Baa1/BBB+) to the primary market on Thursday, a source said.

A tranche of notes due Jan. 16, 2025 is initially talked to price with a spread in the Treasuries plus 115 basis points area.

Initial price talk on a tranche of notes due Jan. 16, 2030 is in the Treasuries plus 140 bps area.

The revised initial price talk is 5 bps tighter than initial guidance.

Nomura Securities International Inc. and Citigroup Global Markets Inc. are the bookrunners.

Nomura held global fixed income investor calls for the deal on Wednesday in the U.S., Europe and Asia markets.

The notes are non-callable.

Proceeds will be used to make loans to subsidiaries, which will use the funds for general corporate purposes.

The financial holding company is based in Tokyo.

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